Both Waasland Shopping and Wijnegem Shopping, two of the most successful shopping centers in Belgium, have been put up for sale. Fund manager CBRE Global Investors has confirmed the news.
Worth 600 - 700 million euro
Retailfocus reports that both shopping centers have been put up for sale as their owners, the state of Singapore and Dutch pension fund APG, feel it is time to sell - according to a statement from American fund manager CBRE Global Investors Belgium to business paper De Tijd.
The Waasland Shopping Center, located in Sint-Niklaas near Antwerp, is 100 % part of the French-Belgian investment fund CBRE Retail Property Fund France Belgium, while insurance company AXA also owns 50 % of Wijnegem Shopping Center, located on the other side of Antwerp. Together, they would be worth 600 to 700 million euro, which is half of the total value the fund has despite the fact it owns some 15 shopping centers in France and Belgium.
Wijnegem Shopping and Waasland Shopping, respectively attracting 9 million and 6.3 million visitors per year, are among the most popular shopping centers in Belgium.